Disruption in Banking – By Brett King

New words:
sector: an area of an economy: a part of an economy that
includes certain kinds of jobs; an area for which someone (such
as a military commander) is responsible

passionate: having, showing, or expressing strong emotions or

beliefs

bench: a long and usually hard seat for two or more people

transaction: a business deal: an occurrence in which goods,

services, or money are passed from one person, account, etc., to
another

revolt: fight in a violent way against the rule of a leader or

government

rupture: a crack or break in something (such as a pipe)

artifact: a simple object (such as a tool or weapon) that was made

by people in the past

arena: a building for sports and other forms of entertainment that

has a large central area surrounded by seats

mortgage: a legal agreement in which a person borrows money to

buy property (such as a house) and pays back the money over a
period of years

feudal: of or relating to feudalism

lord: a man who has power and authority

skeptically: sceptically

impetus: a force that causes something (such as a process or

activity) to be done or to become more active

funnel: a device shaped like a hollow cone with a tube extending

from the point

confront: oppose or challenge (someone) especially in a direct

and forceful way

inferior: of poor quality :low or lower in quality

Essay: What is your perspective on what Mr Brett says about the

future of banks, which you may be working in?

In my opinion, it is a good speech, which closely related to the

banking subject, helping a lot to give knowledge. I think it is
practical and important for our future job like working in banks.

In his speech, he mentioned that in 10 years, we will be living with

smart bank accounts that help us manage our money every day.
Most of your interactions will be automatically processed and
handled by personal AI. It can help people actively manage and
save money. We will not have a physical bank account – no card,
no paper. It will have already set on application of phones.

They will not go to a bank to get a bank account or sign a piece of

paper. Banks will do it online, with using AI, it may help you save
more time to do other works. For that reason, I believe that online
banking supports lots of benefits for us in the future.
If I had a chance, I would like to do in that banks which creates
more time and effective in working by having an assistant like AI.
Therefore, his speech may apply for many banks in Vietnam as
well as international banks. It is essential for banking industry.